Voya Investment Management LLC Sells 999 Shares of Camden Property Trust (NYSE:CPT)

Voya Investment Management LLC lowered its stake in shares of Camden Property Trust (NYSE:CPT) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,590 shares of the real estate investment trust’s stock after selling 999 shares during the period. Voya Investment Management LLC’s holdings in Camden Property Trust were worth $3,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Camden Property Trust by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 17,250,406 shares of the real estate investment trust’s stock valued at $2,001,737,000 after acquiring an additional 125,287 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Camden Property Trust by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 4,400,846 shares of the real estate investment trust’s stock worth $510,674,000 after purchasing an additional 277,117 shares during the last quarter. Invesco Ltd. lifted its position in shares of Camden Property Trust by 17.3% in the fourth quarter. Invesco Ltd. now owns 2,968,221 shares of the real estate investment trust’s stock worth $344,432,000 after buying an additional 438,685 shares in the last quarter. Geode Capital Management LLC boosted its stake in Camden Property Trust by 2.8% during the fourth quarter. Geode Capital Management LLC now owns 2,816,260 shares of the real estate investment trust’s stock valued at $326,032,000 after buying an additional 76,429 shares during the last quarter. Finally, Centersquare Investment Management LLC grew its holdings in Camden Property Trust by 15.9% during the 4th quarter. Centersquare Investment Management LLC now owns 2,522,398 shares of the real estate investment trust’s stock valued at $292,699,000 after buying an additional 345,331 shares in the last quarter. Hedge funds and other institutional investors own 97.22% of the company’s stock.

Camden Property Trust Price Performance

Camden Property Trust stock opened at $114.98 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.14 and a quick ratio of 0.15. The stock has a market cap of $12.51 billion, a price-to-earnings ratio of 76.65, a price-to-earnings-growth ratio of 4.41 and a beta of 0.79. The firm has a 50-day moving average of $116.93 and a two-hundred day moving average of $117.46. Camden Property Trust has a 1 year low of $98.19 and a 1 year high of $127.69.

Camden Property Trust (NYSE:CPT) last announced its quarterly earnings results on Thursday, May 1st. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.04. The firm had revenue of $390.57 million during the quarter, compared to analyst estimates of $388.47 million. Camden Property Trust had a return on equity of 3.35% and a net margin of 10.58%. Camden Property Trust’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.70 earnings per share. On average, research analysts forecast that Camden Property Trust will post 6.76 earnings per share for the current year.

Camden Property Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 31st were issued a $1.05 dividend. This is an increase from Camden Property Trust’s previous quarterly dividend of $1.03. This represents a $4.20 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was Monday, March 31st. Camden Property Trust’s payout ratio is presently 280.00%.

Analyst Ratings Changes

CPT has been the topic of several recent research reports. Mizuho lowered their target price on Camden Property Trust from $129.00 to $125.00 and set an “outperform” rating for the company in a research report on Monday, January 6th. StockNews.com cut shares of Camden Property Trust from a “hold” rating to a “sell” rating in a research note on Wednesday. Royal Bank of Canada upped their target price on shares of Camden Property Trust from $121.00 to $123.00 and gave the company a “sector perform” rating in a research report on Monday, February 10th. Scotiabank lifted their price target on Camden Property Trust from $130.00 to $135.00 and gave the stock a “sector perform” rating in a research report on Friday, February 14th. Finally, Stifel Nicolaus lifted their target price on Camden Property Trust from $121.00 to $122.00 and gave the stock a “hold” rating in a report on Friday, February 7th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $127.61.

About Camden Property Trust

Camden Property Trust, an S&P 500 Company, is a real estate company primarily engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden owns and operates 172 properties containing 58,250 apartment homes across the United States.